Applied Materials, Inc. reported its last Earnings on Aug 18 AMC where the company reported Actual EPS of $0.5/Share whereas, the Analyst Estimated EPS was $0.48/share.
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Further notes: “We believe the company’s ability to address significant technology transformations bode well for AMAT going forward”.
Applied Materials, Inc. opened at $29.5 and closed at $29.64 by showing a decrease of -1.65%.
AMAT has been the subject of several other reports. (NASDAQ:AMAT) will have to hold its stock till the ex-dividend date to be eligible for dividend. The firm had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.84 billion.
But the rate of annual dividend increase over the last three years works out to 5.5667%. 21 Analysts reported that the Price Target for Applied Materials, Inc. might touch $41 high while the Average Price Target and Low price Target is $32.67 and $23 respectively. The ex-dividend date of this dividend is Tuesday, August 23rd. Out of 19 Wall Street analysts rating Applied Materials Inc., 17 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The corporation holds 357.35 million outstanding shares and its 355.45 million shares were floated in the market. Applied Materials’ net sales rose 13.3 percent to $2.82 billion in the third quarter.
A look at performance overview of Applied Materials, Inc. depicts that Performance (Week) is 6.12 percent while Performance Month is 10.54%. With the last close up 34.55% from the two hundred day average, compared with the S&P 500 which has not changed over the same time. The stock was sold at an average price of $24.06, for a total value of $854,250.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The shares have been rated “Outperform” by the firm. Following the sale, the director now owns 70,659 shares of the company’s stock, valued at $1,672,498.53.
There are many brokerages operating in the industry and all of them apply different processes for drafting research report. BP PLC raised its stake in Applied Materials by 39.4% in the second quarter. Parnassus Investments CA now owns 24,288,440 shares of the manufacturing equipment provider’s stock worth $453,465,000 after buying an additional 237,248 shares during the last quarter. Kempner Capital Management Inc. owns 246,190 shares or 3.13% of their U.S. portfolio. Norges Bank acquired a new stake in shares of Applied Materials during the fourth quarter worth approximately $210,900,000. The stock’s weekly volatility was 2.10% and the RSI amounts to 71.29. Finally, Quantitative Systematic Strategies LLC purchased a new stake in Applied Materials during the second quarter valued at about $809,000. It operates through four segments: Silicon Systems, Applied Global Services, Display, and Energy and Environmental Solutions.
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Applied Materials, Inc. had its “sector perform” rating reiterated by analysts at RBC Capital.
